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Neither a Borrower Nor a Lender: Does China's Zero Net Foreign Asset Position Make Economic Sense?
China Economic Sense
2009/1/16
China in the past few years has emerged as a net foreign creditor on the international scene with net foreign assets slightly greater than zero percent of wealth. This is surprising given that China i...
HOW WILL CHINA’S SAVING-INVESTMENT BALANCE EVOLVE?
Investment saving financing demographics corporate governance China
2009/1/16
This paper investigates how China’s saving, investment, and the saving-investment balance will evolve in the decades ahead. Household saving in China is relatively high, compared to OECD countries. Ho...
This paper investigates the extent to which structural change in China’s
economy has contributed to changes in energy intensity. It uses a new
province-level data set on energy intensity over the pe...
REBALANCING CHINA’S ECONOMY—MODELING A POLICY PACKAGE
China rebalancing pattern of growth model saving investment
2009/1/16
This paper discusses how China can rebalance its pattern of growth by implementing a package of policies. We first characterize the distinct features of China’s pattern of growth and the specific poli...
The rise of China is a major episode in world economic history. From the late 1970s, China pursued market-oriented reforms and open policy. During the past two decades, China experienced extraordinary...
东海作为宽广的陆架海域，内有长江、黄河携带大量物质入海，外有强劲黑潮，是开展近海及其与大洋之间海洋通量研究的理想海域。在国家基金重点项目的支持下，于“八五”期间开展了“东海陆架边缘海洋通量的研究”（1992-1995），并与日本合作，开展了“中日东海物质通量合作研究”。本书就是在此研究基础上完成的，也是第一部有关陆架海洋通量研究的专著。本书内容涉及五个方面（东海的水文背景场，东海沉积物的水平输运...
The Political Economy of Emissions Reduction in China: Are Incentives for Low Carbon Growth Compatible?
Political Economy Emissions Reduction in China Are Incentives Low Carbon Growth Compatible
2013/7/5
There is growing, unassailable evidence of severe existing and potential consequences of global climate change and of the relationship between human economic activities and global warming (for example...
Impacts of Internal Migration on Economic Growth and Urban Development in China
Impacts Internal Migration on Economic Growth Urban Development in China
2013/7/5
This paper assesses the impacts of China’s internal migration on its economic growth and urban development in the reform era. Reform of the household registration system (hukou system), a remnant of t...
Regional Comparative Advantages in China: Differences, Changes and Their Impact on Disparity
China Regional Comparative Advantages
2008/5/1
A large pool of empirical studies indicates that countries (or regions) with
more openness of their economies are more likely to obtain an
outstanding long-run economic performance (Michaely, 1977; ...
Deflationary Expansion: an Overshooting Perspective to the Recent Business Cycle in China
Effects of Rural Financial Infrastructures on Household Saving Decisions in rural China
household saving portfolio selection mobilization of saving income variability
2008/1/17
Abstract:
This paper focuses on the impact of financial infrastructures in rural areas on saving decisions of rural households in China. In order to investigate the functions of rural financial syste...
Are Currency Appreciations Contractionary in China？（updated)
renminbi exchange rate misalignment contractionary devaluation VAR model
2008/1/17
Abstract: The Chinese economy has been in a state of external and internal imbalances for some years, which has something to do with the undervaluation of renminbi (RMB). But the Chinese Government he...
In the last twenty years, China has maintained a high economic growth rate that has attracted worldwide attention. Small enterprises have made a significant contribution to this sustained growth. In 1...
The authors thank the financial support of the Washington Center for China Studies and Ford Foundation, especially the valuable comments from Dr. Hao Jia and the program committee members. We would al...
Implementation of Socially Optimal Outcomes in the Process of Dissolving Public Enterprises in China
2008/1/17
Abstract In this paper, we study an optimal cost sharing scheme between the central and local governments in current China’s process of dissolving public firms through mergers and bankruptcies. We fir...